Closing Costs

There are certain standard costs associated with closing the sale of a house. Some of these fees are split between the buyer and the seller, as spelled out in the sales contract. All other fees are connected with your mortgage financing.  We will walk you through the closing costs, answering any questions you may have.

 Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender.  I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low or high.

Standard Closing Costs

Loan-Related Costs (Nonrecurring Costs)

  • Loan Origination Fee (optional)
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Loan Processing Fee
  • Underwriting Fee
  • Tax Service Fee
  • Flood Certification
  • Wire Transfer Fee

 Nonrecurring 3rd Party Fees

  • Escrow Fee
  • Loan Tie-in Fee
  • Messenger/Fed-Ex/Email Fee
  • Notary Fee
  • Title Insurance
  • Sub Escrow Fee
  • Recording Fees
Recurring Costs
  • Homeowners Insurance
  • Flood Insurance (when required)
  • Prepaid Interest 
  • Pro-rated Taxes
  • Tax and Insurance Impounds (when applicable)
  • Private Mortgage Insurance (when required)

 


SCFS 15030 Ventura Blvd #901 Sherman Oaks, CA 91403-4439
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